The strengthened rand against the greenback and the reduction of the state levy by 8.78 c/l contributed to the price decreases.

It is the first time that the price of petrol had come down since the beginning of the year.

The price decreases would take effect on Wednesday May 7, on the day that South Africans head to the polls to vote in the country's fifth democratic elections.

"The decrease in the prices of all the petroleum products is due to changes in international factors, namely, crude oil prices, the rand/dollar exchange rate and the prices of finished products," the department said.

Minister of Energy Dikobe Ben Martins said the decrease in the paraffin and LPG prices will be beneficial as winter looms.

“The decrease in the price of illuminating paraffin and LPG will benefit households that use these products, as winter approaches.”

- Fin24

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